Incoming IMF Chief Intends
To Focus on Emerging Nations

PARIS -- The International Monetary Fund needs to increase its relevance and legitimacy to better respond to international crises, newly appointed Managing Director Dominique Strauss-Kahn said.

In his first news conference since being nominated for the post over the summer, he said overhauls he intends for the IMF will allow it to adapt to "a new balance of power in the world" and "to the new kind of financial...